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Jan 5, 2019
01/19
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. >> tax policy. what's the best approach to taxing our corporations and our individuals? >> well, corporations don't pay taxes. they collect them. so the level of those ought to be just seen as part of the -- i think as part of the overall level. they will pass. that's a pass-through, and everybody knows it. i think we've seen empirical evidence, not a matter of philosophy, that lower marginal rates on income spur work and initiative and investment and are a good idea. so, the formula has always been the same, and it used to be bipartisan agreement that the broadest-possible base, that is to say the fewest loopholes and the lowest rates, is the right way to tax income. you know, with the bills we've got coming, either willingly or against the wall, there are probably gonna be some tax increases in the future. >> all right. now we're back to reality. we're in a political reality. and here's what i'd like to know. you're the president of a university. you teach students. you give out grades. >> mm-hmm. >> if you were to grade how we're doing on each of these policies, how a
. >> tax policy. what's the best approach to taxing our corporations and our individuals? >> well, corporations don't pay taxes. they collect them. so the level of those ought to be just seen as part of the -- i think as part of the overall level. they will pass. that's a pass-through, and everybody knows it. i think we've seen empirical evidence, not a matter of philosophy, that lower marginal rates on income spur work and initiative and investment and are a good idea. so, the...
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Mar 11, 2017
03/17
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if he can't get this done what does it mean for tax reform, overhauling the tax code? what does it mean for the budget? and so they've set themselves an extraordinary schedule to try and get this done. very little sense at this point they've got the consensus to do that. margaret: everyone in the republican party seems to want to repea obama care but no one wants to put their name on it with the exception of maybe paul ryan who is left with the white board and drawings. part of that is because there is such a high political cost to getting something like this wrong. regardless of party, when you start hitting people's kitchen tables or their health care plans, that will matter to them when they go and vote in 2018 in some of the down ballot races, so there is a high cost to that. however, what is so interesting is that you're trying to sell something that's not fully written as yet. it's not clear why there is such a push so quickly by the white house to get this done when you don't even know the cost to taxpayers yet. we've already had the white house sort of setting
if he can't get this done what does it mean for tax reform, overhauling the tax code? what does it mean for the budget? and so they've set themselves an extraordinary schedule to try and get this done. very little sense at this point they've got the consensus to do that. margaret: everyone in the republican party seems to want to repea obama care but no one wants to put their name on it with the exception of maybe paul ryan who is left with the white board and drawings. part of that is because...
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Jul 15, 2012
07/12
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be affected by it in taxes. obama himself, in 2010, when he agreed with mitch mcconnell to keep tax rates where they are, said many times, you don't raise taxes in a recession. we are not technically in a recession, but we're clearly in a stagnant economy. that is to " obama himself on the street when it pleases him politically, he says, "i will not raise taxes." what he needs it, he will say the opposite. the point is, even if you had these tax hikes, it would raise the maximum of $8 billion a year. we have a $1.30 trillion deficit. it is a distraction, shiny object you're putting over here. if you want to attack the deficit, you have to do it with spending cuts, tax reform, an entitlement reform, and if you want it in taxation, it will have to be across the board. you cannot do it and have any effect on the debt by doing it only on the top 2%. >> margaret mentioned the fact that i used to work in campaigns. as the only analyst who has been a veteran of four losing presidential campaigns -- [laughter] let me te
be affected by it in taxes. obama himself, in 2010, when he agreed with mitch mcconnell to keep tax rates where they are, said many times, you don't raise taxes in a recession. we are not technically in a recession, but we're clearly in a stagnant economy. that is to " obama himself on the street when it pleases him politically, he says, "i will not raise taxes." what he needs it, he will say the opposite. the point is, even if you had these tax hikes, it would raise the maximum...
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Aug 8, 2020
08/20
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increa will damage middle-income people who will wind up paying for it in lost wages and higher taxes. i think their reregulati rk going to be very damaging, very anti-stock . that's not what we want. i mean, i would just say this. you've experienced this awful pandemic with terrible loss of life and great, greadamage to businesses and the workforce d families and so forth and health damage. now, why keynesians and supply-siders should agree, the last thing in the world you want to do as we come out oh contraction is raise taxes. it's the last thing you'd want to do. anso it defies belief th biden is going in that directi. i mean, again, ironically,e give me a -- g a good keynesian who will say, "all right, spend more and cut taxes," all right? give me a good keynesian right now. i don't know what happened to the they're probably around >> they're not anywhere. in fact, they've been replaced by the advocates of mmt, modern monetary theory so, larry, this isn't the first time you've been a guest on "firing line." you, of course, were on the original pilgram witham f. buckley jr. in 199
increa will damage middle-income people who will wind up paying for it in lost wages and higher taxes. i think their reregulati rk going to be very damaging, very anti-stock . that's not what we want. i mean, i would just say this. you've experienced this awful pandemic with terrible loss of life and great, greadamage to businesses and the workforce d families and so forth and health damage. now, why keynesians and supply-siders should agree, the last thing in the world you want to do as we...
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Apr 10, 2021
04/21
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there are other taxes like a carbon tax that i think are important. we have $1.8 trillion in tax breaks a year, called tax expenditures. we should wipe so many of those out, particularly in the upper end. and then, we need to think about spending reductions. so, we used to have spending caps in place. they're gone now. there were too aggressive before, but we should put in reasonable ones that congress can actually stick with and have some kind of a balanced plan. i couldo on all day about how you would pay for these things. it's the harder side of politics, but it's how you build trade-offs into the budget, so that you really do that exercise of, if something's worth doing, it's worth paying for. >> secretary reich, let me ask you about something that i've observed in the debate about the national debt, which is, it seems to be that there is a paradigm shift on the left that maybe the debt doesn't matter at all, ever. what is your view about modern monetary theory and this general approach to the debt? >> well, i think there is something to modern mo
there are other taxes like a carbon tax that i think are important. we have $1.8 trillion in tax breaks a year, called tax expenditures. we should wipe so many of those out, particularly in the upper end. and then, we need to think about spending reductions. so, we used to have spending caps in place. they're gone now. there were too aggressive before, but we should put in reasonable ones that congress can actually stick with and have some kind of a balanced plan. i couldo on all day about how...
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Apr 10, 2021
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the other taxes like a carbon tax. $1.8 trillion in tax breaks, a year. call tax expenditures. which would wipe so many of those out. particularly in the upper ends. then we need to think about spending reduction. we had spending caps in place. they are gone now. they were too aggressive before. we should put in reasonable ones that congress can stick with and have some kind of balanced plan. i could go on all day how you would pay for these things. it is the harder side of politics. it is how we build trade-offs into the budgets. it is the exercise of if something is worth doing, it is worth paying for. >> secretary reich, let me ask about something i've observed in the debate about national debt. there is a paradigm shift on the left. maybe the debt does not matter at all. ever. what is your view, about modern monetary theory, and this general approach, to the debt. >> i think, there is something to modern monetary theory. we do print our own money. in the world is a wash in money right now. interest rates are historically extraordinarily low. not only short-term interest rat
the other taxes like a carbon tax. $1.8 trillion in tax breaks, a year. call tax expenditures. which would wipe so many of those out. particularly in the upper ends. then we need to think about spending reduction. we had spending caps in place. they are gone now. they were too aggressive before. we should put in reasonable ones that congress can stick with and have some kind of balanced plan. i could go on all day how you would pay for these things. it is the harder side of politics. it is how...
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Apr 18, 2020
04/20
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and so now there's a whole lot more paperwork, in terms of the tax filings that are required in order for a bank to give t you. and that creates so much more work for a bank. it ps you typically at the e of the le for the reasons you mentioned. you're not a typical customer for them you're not a big customer for them. and these are the people whone the money the worst. but hopefully, this second tranche, hopefully peopleud will speak up . look, i've never been a unions guy, but this is the time, right? this is the time for people to come together and organize with a singular voak up you know, whether you're an uber driver, whether you're a lyft driver,he whyou work for a g employer and you don't think that they're treating you well, now's the time becse the line worker, the people who are making the hourly wages, haeven though a lot of the been laid off, those who are staying with their companies have more voicean more power than ever if they come together. >> why do they have more voice, meough? , for exple, sephora's one of these companies that laid off 3,000 people in a mass confer
and so now there's a whole lot more paperwork, in terms of the tax filings that are required in order for a bank to give t you. and that creates so much more work for a bank. it ps you typically at the e of the le for the reasons you mentioned. you're not a typical customer for them you're not a big customer for them. and these are the people whone the money the worst. but hopefully, this second tranche, hopefully peopleud will speak up . look, i've never been a unions guy, but this is the...
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Jan 25, 2020
01/20
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let's take a look. >> it is time for wealth tax in america. there are some billionairesar whtaking exception to this plan. some are deeply distressed, o tv, and cry. others call their billionaire friends and urge them to run for president. yeah, some people have figured out, "you know, it'd be a lot edeaper to spend a few hun mill just buying the presidency instead of paying that 2-ce wealth tax." i'm elizabeth warren and i approve this message. >> you know, the democratic party and the left wing of the democratic party tends to see candidates on isss through the lens of race and class. and you are a pioneering figure on the left in terms of when it comes tohis question of race. you're on the wrong side of the divide whent comes to the questn of class for the left wing of the democratic party.>> or some. >> right. so how do you explain -- i mean, you could be sort of a capitalism explainer -- right? -- to the progressive base of the party. how do you approach that, though? i mean, there is an inherentos tension in theions of elizabeth warren a
let's take a look. >> it is time for wealth tax in america. there are some billionairesar whtaking exception to this plan. some are deeply distressed, o tv, and cry. others call their billionaire friends and urge them to run for president. yeah, some people have figured out, "you know, it'd be a lot edeaper to spend a few hun mill just buying the presidency instead of paying that 2-ce wealth tax." i'm elizabeth warren and i approve this message. >> you know, the democratic...
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Nov 14, 2010
11/10
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any contacts with the tax cuts, but another -- and income tax with tax cuts, but another hole in the deficit with tax cuts for the wealthy? >> let's listen to erskine bowles, co-chair of the commission who served as a clinton's chief of staff. >> we are on an unsustainable path. we cannot grow our way out of this problem, we cannot cut our way out of it. every single member of congress knows that the path we are today is not sustainable, and if we don't bring these deficits down, we are headed for disaster. >> there are 12 members of congress on this 14-member commission, charles. >> well, look, there is no way the commission is going to approve this. that is why the chairman spoke out in advance, because just about everything they are recommending will fail to get the supermajority you need on the commission. i just want to make one point. margaret is talking about her grandmother not being able to work until 69. margaret, this does not apply to your grandmother. it does not apply to anybody in kindergarten or above. it kicks in at 2075, meaning the only people it is going to affect
any contacts with the tax cuts, but another -- and income tax with tax cuts, but another hole in the deficit with tax cuts for the wealthy? >> let's listen to erskine bowles, co-chair of the commission who served as a clinton's chief of staff. >> we are on an unsustainable path. we cannot grow our way out of this problem, we cannot cut our way out of it. every single member of congress knows that the path we are today is not sustainable, and if we don't bring these deficits down, we...
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Jun 14, 2021
06/21
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and, you know, milton friedman would have opposed the kinds of tax increases that are under discussion right now. and i actually think they're very important for our country's economy. >> so, if you were the chairman of the federal reserve, how would you guide the fed in this moment? >> well, i already indicated that i -- that i think that it's time to be at least moving towards the end of the quantitative easing policies. we don't have a need for pushing the accelerator to the floor. the effect of quantitative easing policies for taxpayers is that they're substituting short-term debt for long-term debt. well, if you're buying a house right now, i think this would be a good time to have a long-term mortgage, not a short-term mortgage. >> right. >> but look. there's a very fundamental principle in monetary policy, which is you don't want to surprise and jolt people. and we've built up a set of expectations. and so, as i said at the very beginning, when you're on uncertain floor you need to walk gingerly. and so i think jay powell has to be -- and his colleagues have to be very careful a
and, you know, milton friedman would have opposed the kinds of tax increases that are under discussion right now. and i actually think they're very important for our country's economy. >> so, if you were the chairman of the federal reserve, how would you guide the fed in this moment? >> well, i already indicated that i -- that i think that it's time to be at least moving towards the end of the quantitative easing policies. we don't have a need for pushing the accelerator to the...
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Jun 23, 2018
06/18
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that doesn't mean you have to have tax increases. and if they want to write in there that you don't have a tax increase, i'm cool with that. but i am suggesting to you -- i know this, margaret, that the right wing, the yellers and the screams -- god bless 'em -- are the ones that are saying, "we can't do that," 'cause the convention or whatever it is would get out of control. and we've actually had red states -- i believe -- red states that have actually repealed their efforts to require. but without forcing a restriction or a discipline on the congress, they're just gonna keep spending. you know why? because politicians want to be popular. you're never popular when you say "no," in the short run. in the long run, people admire you. >> so, has fiscal conservatism, as a tenet of the conservative movement changed? >> margaret, i think that what is happening is that this "conservative business" -- this is like, "i have to do everything i can to appeal to a base. there's no sort of ideology or philosophy. this is all about electoral poli
that doesn't mean you have to have tax increases. and if they want to write in there that you don't have a tax increase, i'm cool with that. but i am suggesting to you -- i know this, margaret, that the right wing, the yellers and the screams -- god bless 'em -- are the ones that are saying, "we can't do that," 'cause the convention or whatever it is would get out of control. and we've actually had red states -- i believe -- red states that have actually repealed their efforts to...
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Mar 20, 2021
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foundation, biden's proposal to increase the corporate tax rate and tax long-term capital gains and qualified dividends at ordinary income tax rates would increase the top integrated tax rate on corporate income above pre-tax cuts and jobs act levels, king it the highest in the oecd." that's a proposal that senate leadership on the republican side, the senate minority, has already indicated that they're not willing to support. >> well, i would say this. he is going to put forward a plan, a comprehensive plan that invests in our nation and moves the economy forward. the business community, the chamber of commerce, they're all saying we have to invest in our nation. and people complain when you don't pay for it because you rack up deficits. people complain when you do pay for it because somebody might have to pay for something. >> that's fair. >> but if you look at the amount of money we spent on the tax cuts under the trump administration, the same republicans who might be complaining now didn't -- weren't complaining back then. so, bottom line is, he's gonna put something forward th
foundation, biden's proposal to increase the corporate tax rate and tax long-term capital gains and qualified dividends at ordinary income tax rates would increase the top integrated tax rate on corporate income above pre-tax cuts and jobs act levels, king it the highest in the oecd." that's a proposal that senate leadership on the republican side, the senate minority, has already indicated that they're not willing to support. >> well, i would say this. he is going to put forward a...
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Sep 7, 2019
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we can afford survival, but we're going to have to tax that'll allow our children to grow up without an added burdend ar>> you are a warrior-sch you've spent your time reading everyone from marcus aurelius to alexander the great. is there another historical analogy that we should be studying now to understand whats is happening in the united states today? >> there's studies in history that would show what happens when countries, for example, lostheir fiscal sustainability, that decided their militaries were more petri dishes for social experimenting than for killing the enemy, counies that lost sight of the fact that they had to have a common appreciation of what it was they stood for, and if they lost tt, they could not defend themselves. and generally speaking, i have great deal of confidence in the american experiment. the country's constitution is very strong. the question is, do we have the will to work together, the political will to quit just calling each other names? we can be hard on issues. can really be strong on the issues, but we don't have to be hard on we can figure ou
we can afford survival, but we're going to have to tax that'll allow our children to grow up without an added burdend ar>> you are a warrior-sch you've spent your time reading everyone from marcus aurelius to alexander the great. is there another historical analogy that we should be studying now to understand whats is happening in the united states today? >> there's studies in history that would show what happens when countries, for example, lostheir fiscal sustainability, that...
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Oct 5, 2019
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a carbon tax would be great. >> and, yeah -- they're in favor of a carbon tax. you have republican secretarsver of previous administrations, from james baker to george shultz to hank paulson -v are you in of a carbon tax as a conservative approach to addressing climate change? >> just carefuw the oil industry h couched the carbon tax...ideas. that would be great.th >> eve they're in favor of it, i'm sure you would -- i'm sure you would probably quble with some of the details. doesn't it demonstrate... >> oh, it'd be great. >> ...a chbege in attitude? >> the word "tax" is a fabulous word,ru but justinau, prime minster of canada, got in huge trouble for accidently saying... >> saying the word "taxes." r so how about the word "fee"? it's a three-letrd. we'll have a carbon fee. so, when you produce carb-- en your business produces carbon, the cost oyour product goes up a little bit. this would discourage the production of -- p the reckleductio of carbon or methane -- carbon dioxider methane -- and it would encourage innovation and conservationen and effi. and this i
a carbon tax would be great. >> and, yeah -- they're in favor of a carbon tax. you have republican secretarsver of previous administrations, from james baker to george shultz to hank paulson -v are you in of a carbon tax as a conservative approach to addressing climate change? >> just carefuw the oil industry h couched the carbon tax...ideas. that would be great.th >> eve they're in favor of it, i'm sure you would -- i'm sure you would probably quble with some of the details....
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Apr 17, 2021
04/21
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i would not look at it as a tax. this is like having a savings account where you put a little money in every month for yourself. it's coming right back to you so it's not really a tax. second, it's a small amount of money. it's $2 a week on average. and what we've heard fro states that have already put paid leave in place, it's widely popular with the business community. look at california. they have had paid leave for over ten years. and when they polled the businesses there, 99% said it had a positive impact on morale and retention. 90% said it had no negative impact on the bottom line or a positive impact on their bottom line. so this works for business too. >> there's some who argue that a payroll tax is a regressive tax and places a larger burden on low wage workers. how do you respond to that? >> i think it's something that is normally true, but this is a very small amount of money. and for any worker to know that for $2 a week, the cost of a cup of coffee, they can have leave when they need it, i think that's
i would not look at it as a tax. this is like having a savings account where you put a little money in every month for yourself. it's coming right back to you so it's not really a tax. second, it's a small amount of money. it's $2 a week on average. and what we've heard fro states that have already put paid leave in place, it's widely popular with the business community. look at california. they have had paid leave for over ten years. and when they polled the businesses there, 99% said it had a...
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Sep 24, 2022
09/22
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he has unveiled a plan that some estimates say would raise taxes on the wealthy by 200%. make the case that that approach won't work. >> well, margaret, you cannot distribute wealth if you stop creating wealth. you need to have an environment that is business-friendly, because if you start raising taxation in an irrational way by, you know, telling investors that they're going to have to pay higher capital gains than the rest of latin america, they'll leave. you know, bringing investors to our countries is very difficult, takes a long time, but freaking them out can take just seconds. so you cannot distribute wealth if you are not capable of permanently generating new wealth. and i think that's something to be understood. and look at this year. i left government in august, and by the month of august, the economy was growing above 8%. >> so why weren't colombians satisfied? because i think at the end, margaret, we live in times where populism is more effective sometimes in the narrative, because they get people angry. and that can happen also in the united states, and that
he has unveiled a plan that some estimates say would raise taxes on the wealthy by 200%. make the case that that approach won't work. >> well, margaret, you cannot distribute wealth if you stop creating wealth. you need to have an environment that is business-friendly, because if you start raising taxation in an irrational way by, you know, telling investors that they're going to have to pay higher capital gains than the rest of latin america, they'll leave. you know, bringing investors...
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Nov 20, 2021
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. >> president trump supported an education tax credit, though it never passed. >> yes. >> what could this administration do? >> well, there are a couple of things that i think we should look at in education. and let's start with those kids in title i schools. these are typically the kids that are living in the poorest zip codes in america. if you're not in those zip codes, typically, you choose the house that you want to live in based on the school that you want your child to go to. it's only those kids going to title i schools that are not afforded any options or any choice in this nation as it relates to education. and so let's start with title i schools and les do what we're doing right here in washington, d.c. d.c. has something called the opportunity scholarship program, supported by cory booker, dianne feinstein, ron john, and myself. about 9 out of 10 of those kids that graduate go on to a four-year college through an opportunity scholarship program. if we did that all across america, if we just basically replicated the success academy in new york city or the meeting street ac
. >> president trump supported an education tax credit, though it never passed. >> yes. >> what could this administration do? >> well, there are a couple of things that i think we should look at in education. and let's start with those kids in title i schools. these are typically the kids that are living in the poorest zip codes in america. if you're not in those zip codes, typically, you choose the house that you want to live in based on the school that you want your...
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Sep 26, 2020
09/20
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rights, to convicted felons. d yet our governor came up with what i see as the eivalent of a new poll tax and, you know, when are we going to stop in this country? it's an effort to disenfranchise voters and prevent them from voting. i'm not in favor of tang rights away from anyone. i'm trying to protect and restore ghts. this is a barrier tobi yourty to vote. and we do know some states, peons in prison can vote. and so this is an issue that we need to look at and get it right. >> lten, last question. florida, as you know b istleground state. you mentioned the déjà vu and the trepidational that wface when it comes to florida, florida, florida. most polls show the state in a statistical dead heat between the president and joe biden. what is your best guess, what is your prediction, for which way florida will go? >> for 20 years in the presidential race, florida has always been within a percentage foit, regardless of which way it goes. and so we have learned, sometimes painfully, to not take anything for granted in our state. and i do believe that joe biden and kamala harris are not takin
rights, to convicted felons. d yet our governor came up with what i see as the eivalent of a new poll tax and, you know, when are we going to stop in this country? it's an effort to disenfranchise voters and prevent them from voting. i'm not in favor of tang rights away from anyone. i'm trying to protect and restore ghts. this is a barrier tobi yourty to vote. and we do know some states, peons in prison can vote. and so this is an issue that we need to look at and get it right. >> lten,...
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on the wealthiest, a tiny capital-gains tax. there are all kinds ofays to come up with that money very easily. >> so, explain to me --an onysis said that you could double -- doubling all currently ojected federal, individual, tud corporate income-tax collections would ly be insufficient to finance the added federal cost of the plan. >> i don't know what study that is, but a lot of -- >> it's the cato institute, say. >> well, i mean -- >> it's a libertarian think think, right. >> but, also, they're not looking at the current cost, t y're saying -- >> they're saying all the federal costs. >> right. i mean, they're sayint his is a new cost, and what i want to make sure people understand is we are already paying this money. the federal government is already paying 2/3 of the healcare costs in this country. it could cut administrative ste out of the system immediately and save a tremendous amount of money on overall healthcare costs. >>a have heard that there i fallacy with this idea that the government would be more efficien that, s
on the wealthiest, a tiny capital-gains tax. there are all kinds ofays to come up with that money very easily. >> so, explain to me --an onysis said that you could double -- doubling all currently ojected federal, individual, tud corporate income-tax collections would ly be insufficient to finance the added federal cost of the plan. >> i don't know what study that is, but a lot of -- >> it's the cato institute, say. >> well, i mean -- >> it's a libertarian think...
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in the tax bill, corporate tax revenue came down, and conservatives always say, "you cut the corporate taxes, you're gonna have increased revenues, and that will help close the budget." but we haven't seen that yet. >> so, that's tr. and, by the way, i'm not one who believed that the tax cut wasor going to paytself. i just basically felt it would get people working again. it would get the economy moving fastan. that ultimately -- look, the question would be, "would you be willing to do a tax cut if it increased the deficit, but it created more jobs and more prosperity for people?" i'd be willing to have the deficit a little higher to get america woing and get people back in jobs. and so i'm not -- >> even if we're at $22 trillion. >> well, we inherited $21 trillion. >> sure, sure, sure. a but then, agaiwhat point does each administration sort of take on a responsibility to whittle away at that? so, your comfort level was sufficient -- >> my top priority -- and i can't speak for donald trump, but i think it probably was his -- is, "let's get these peopleack on the job. let's get them wo
in the tax bill, corporate tax revenue came down, and conservatives always say, "you cut the corporate taxes, you're gonna have increased revenues, and that will help close the budget." but we haven't seen that yet. >> so, that's tr. and, by the way, i'm not one who believed that the tax cut wasor going to paytself. i just basically felt it would get people working again. it would get the economy moving fastan. that ultimately -- look, the question would be, "would you be...
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Jul 20, 2019
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you take something like the tax cut. i spent thousands of hours trying to get 50 republicans in the senate to yes. and that tax cut has produced incredible results in the economy. millions of people have jobs today because we cut taxes on working families on small businesses. that's benefiting the state of texas. incomes are going up all over the country. the number one state -- >> they have better tax policy than california. >> that's why,0 people a day move to texas. >> there is a book called american carnage that's out. it has described the attitude of fox news towards you as pugnacious. it quotes you sayinghat roger ailes, the founder of fox news, that you believed his dying wish was to help elect donald tntmp as presi is that true? >> i think fox news went all in for trump. that was -- >> do you believe it wa roger's dying wish to elect trump as >> i didn't know him well. i think it clearly is what he wanted to do. >> why did they prefer rutrump? >> no ia. starting about march of 2016 they went all in for trump. the
you take something like the tax cut. i spent thousands of hours trying to get 50 republicans in the senate to yes. and that tax cut has produced incredible results in the economy. millions of people have jobs today because we cut taxes on working families on small businesses. that's benefiting the state of texas. incomes are going up all over the country. the number one state -- >> they have better tax policy than california. >> that's why,0 people a day move to texas. >>...
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Jul 7, 2018
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you're paying your taxes. >> "pay your taxes. don't worry about it." >> right. >> we want to break up the poverty monopoly, and what i mean when i say that is monopolies are bad, whether it's a private-sector monopoly or a government-sector monopoly because monopoly... there's no choice. there's no competition. and so what we want to do is have the poverty-fighting agenda be demonopolized and then have people with choices so that the poor are customers, not clients. the poor are customers so that we want to have a welfare-service agency, not just the county welfare-service agency that's stamping a book and pushing people through a system, but various different poverty-solution-oriented groups, catholic charities, lutheran services, like i said, so that they compete for getting people out of poverty. casework management is the model that, say, catholic charities uses. >> mm-hmm. >> lots of different groups use it, so you assign a caseworker to a person and a family. they help fix the problems that they have and give them a path ou
you're paying your taxes. >> "pay your taxes. don't worry about it." >> right. >> we want to break up the poverty monopoly, and what i mean when i say that is monopolies are bad, whether it's a private-sector monopoly or a government-sector monopoly because monopoly... there's no choice. there's no competition. and so what we want to do is have the poverty-fighting agenda be demonopolized and then have people with choices so that the poor are customers, not clients....
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Jun 21, 2021
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when i say that the president of the united states is a fraud and a con, that was looking at his taxes and how he -- and his history of litigation and not paying people. these are all facts. i don't do opinion. and i know -- the difference for me is, i do point of view. so i'm giving my point of view as an american, as a black man who happens to be gay. through that lens. but i'm also -- i'm also -- i also represent cnn. and so i must tell the truth. and if i don't, if my facts are wrong, then i have to clarify it, and i have to come on television, and i ha to apologize, and i say, "i got that wrong." so that is a difference between what i'm doing and what someone, as you mentioned, over at fox news is doing. i'm operating from a place of truth. it's all based in fact, and it's all based on the evidence that's out there. >> so you took some heat in 2013 for comments in a cnn segment about the five things that you thought black people should do to fix problems in their communities. >> here's number five. pull up your pants. number two -- finish school. and number one, and probably the m
when i say that the president of the united states is a fraud and a con, that was looking at his taxes and how he -- and his history of litigation and not paying people. these are all facts. i don't do opinion. and i know -- the difference for me is, i do point of view. so i'm giving my point of view as an american, as a black man who happens to be gay. through that lens. but i'm also -- i'm also -- i also represent cnn. and so i must tell the truth. and if i don't, if my facts are wrong, then...
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Jan 3, 2018
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these w29s were set up to sock away money tax-free for college. it's now changed under the tax law. what's the implication? >> parents will now be able to save money in these funds which were just to use for college savings for private school tuition. as you said, private schools and religious schools. you mentioned before that school choice is u.s. secretary of education betsy devos's favorite policy. this is her biggest win so far on school choice, but it's not going to really help the kids that she has said need school choice the most, poor children from low-income families, because those families don't tend to pay a lot in taxes or their parents may not have a ton of money to sock away, as you said. so in the future, you know, betsy devos i think is going to push on some other fronts on school choice. she's called this a good start, but she knows this isn't going to help the poorest kids in the country. >> woodruff: anya, there is another impact you mentioned in the tax bill that might have a big impact on public education, and that's the state and local tax deduction people can
these w29s were set up to sock away money tax-free for college. it's now changed under the tax law. what's the implication? >> parents will now be able to save money in these funds which were just to use for college savings for private school tuition. as you said, private schools and religious schools. you mentioned before that school choice is u.s. secretary of education betsy devos's favorite policy. this is her biggest win so far on school choice, but it's not going to really help the...
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Mar 16, 2019
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we wouldn't have gotten these tax cuts under hillary clinton -- we would've gotten tax increases. we would not have gotten supreme court justices that were conservative -- we would've gotten supreme court justices that were liberal. all those things matter, i think, longer term, much more -- much more than the "access hollywood" tape. >> i want to talk about jared kushner. you talk about him in the book because, frankly, it comes down that he's the one who fired you, right? >> that's what steve bannon told me, yes. >> and you believe that. >> sure. >> right. you believe that because there's history between the two of you. >> between me and his father, not between me and him. >> but you can understand why he takes it personally. >> yes and no. >> i mean, would you separate your experience if your father had been put in jail from the prosecutor who put him in jail? >> if my father was guilty, i would. >> yeah. >> i mean, listen, if i thought that my father had not done something and that he had been wrongly accused and wrongly convicted, that would be one thing. in this instance, mr
we wouldn't have gotten these tax cuts under hillary clinton -- we would've gotten tax increases. we would not have gotten supreme court justices that were conservative -- we would've gotten supreme court justices that were liberal. all those things matter, i think, longer term, much more -- much more than the "access hollywood" tape. >> i want to talk about jared kushner. you talk about him in the book because, frankly, it comes down that he's the one who fired you, right?...
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Aug 8, 2020
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trump's policies, which are essentially supply-side-oriented polics, large-scale, across-the-board tax cuts, across-the-b rollback of regulations, unleashing of the energy sector, and free and fair trade deals, those were powerful tonics for this economy for three years and two months.h and k we need to stay and i think at somt, margaret, the rescue mission, the liquidity rescue, as i'll call it, and then the reopening, which we are in right now, and acknowledgingom thatof it slowed down in certain places, but nonetheless, now we have to move into an economic growth incentive stage toake sure we have the kind of high-velocity growte that we had be the pandemic set in. i'm an optimist. i believe in these supply-side policies. so does the president. as you know, years ago, r i worked fald reagan. that was the first model. so i think we're on the righttr. and i want a growttay there. economy, across the board. wee seen good signs. but you can remember that word, growthier. e "growthier" -- it makes laugh. listen, i an, the -- the covid-19 fiscal policy by the white house and also by the c
trump's policies, which are essentially supply-side-oriented polics, large-scale, across-the-board tax cuts, across-the-b rollback of regulations, unleashing of the energy sector, and free and fair trade deals, those were powerful tonics for this economy for three years and two months.h and k we need to stay and i think at somt, margaret, the rescue mission, the liquidity rescue, as i'll call it, and then the reopening, which we are in right now, and acknowledgingom thatof it slowed down in...
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Jun 27, 2020
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. >> ...and was one of only republicans to vote against the 2017 tax cuts. >> my big oblem with the tax bill is it penalized high tax states, and unfortunately, we are in a very high tax state. >> last november, she became known for something else. i have a parliamentary inquiry. >> the gentle wot n is cognized. i do want to comment. >> mr. chairman, i have a point of order under-res 660. >> the gentle woman will state her point of order. >> the point of order is, will the chairman continue to prohibit witnesses from answering republican questions, as you've done in closed hearings a as you did this week... >> the gentle woman will suspend. >> ...when you interrupted our questions. >> that is not a proper point oe >> stefanik went all in for president trump during the impeachment hearing. >> and are you aware that during the obama administration, the u.s. partnered witthe u.k. and ukraine on an investigation to the owner of burisma as part of ukraine's anti-corruption efforts? >> i became aware of it today during the hearing. >> other witnesses have testified, but yes. were suddenly pay
. >> ...and was one of only republicans to vote against the 2017 tax cuts. >> my big oblem with the tax bill is it penalized high tax states, and unfortunately, we are in a very high tax state. >> last november, she became known for something else. i have a parliamentary inquiry. >> the gentle wot n is cognized. i do want to comment. >> mr. chairman, i have a point of order under-res 660. >> the gentle woman will state her point of order. >> the point...
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Jan 30, 2021
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they used it to get a tax cut passed in 2017. so democrats, i think, we need to be open to using it to pass a covid relief package. but what i want to make clear is this, even if democrats use reconciliation, there's going to be tons of priorities in that bill that are republican priorities. because joe biden and his team and democratic senators, we're talking to republicans about what they're seeing in their state. they want to see better vaccine deployment. they want to see more economic uplift. so, even if we go a budget recoiliation route that could pass with purely democratic votes, you're going to see significant priorities reflect that we talk to republicans, we listeno them, we included things that they wanted and included things that helped their constituents. >> but, i guess, the question is, you know, and it sounds like you don't believe that this bill is a litmus test of whether bipartisanship will be possible in the biden administration writ large. >> look, i'm not giving up on bipartisanship. that i think, yeah, not
they used it to get a tax cut passed in 2017. so democrats, i think, we need to be open to using it to pass a covid relief package. but what i want to make clear is this, even if democrats use reconciliation, there's going to be tons of priorities in that bill that are republican priorities. because joe biden and his team and democratic senators, we're talking to republicans about what they're seeing in their state. they want to see better vaccine deployment. they want to see more economic...
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May 4, 2019
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just the tax cut. it's the whole agenda. it's been very posit >> you know, one of the conservative orthodoxies that ii mithe adherence and the concern about debt and deficits. >> yes. >> and that has been one piece of t budget and this part of the presidency so far, in terms of economic policy and fiscalcy pothat hasn't tracked. >> well, one of the first things that we said to donald trump, doen larry kudlow and i sa with him is, "the first thing you've got to do, if you want to bring the debt a deficit down is, you've got to get the economy growing faster." so, the first preoccupation was gette growth rate up, which we've done. we're now at 3% growth, and that's -- you know, ever percentage-point increase in growth over 10 years reduces edat debt by $3 trillion. but what we've leas -- it's necessary, but it's not sufficient, right? because you're right. >> if we keep spending, we're not going to close the debt. >> it's pretty easy, right?th and k there is an area where i've been a little bit disappoin
just the tax cut. it's the whole agenda. it's been very posit >> you know, one of the conservative orthodoxies that ii mithe adherence and the concern about debt and deficits. >> yes. >> and that has been one piece of t budget and this part of the presidency so far, in terms of economic policy and fiscalcy pothat hasn't tracked. >> well, one of the first things that we said to donald trump, doen larry kudlow and i sa with him is, "the first thing you've got to do,...